Hewlett Packard Enterprise Co (NYSE:HPE) Insider Antonio F. Neri Sells 591,276 Shares

Hewlett Packard Enterprise Co (NYSE:HPE) insider Antonio F. Neri sold 591,276 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $16.51, for a total value of $9,761,966.76. Following the completion of the sale, the insider now directly owns 59,110 shares of the company’s stock, valued at approximately $975,906.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of HPE traded down $0.43 during trading hours on Friday, hitting $14.79. 14,643,535 shares of the stock were exchanged, compared to its average volume of 7,546,535. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.80 and a current ratio of 0.94. Hewlett Packard Enterprise Co has a 12-month low of $12.09 and a 12-month high of $17.82. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 9.48, a PEG ratio of 1.47 and a beta of 1.55.

Hewlett Packard Enterprise (NYSE:HPE) last issued its quarterly earnings results on Thursday, February 21st. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.07. The firm had revenue of $7.55 billion during the quarter, compared to analysts’ expectations of $7.68 billion. Hewlett Packard Enterprise had a return on equity of 11.31% and a net margin of 2.11%. During the same period in the previous year, the business earned $0.34 earnings per share. On average, analysts predict that Hewlett Packard Enterprise Co will post 1.64 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, June 12th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Tuesday, June 11th. Hewlett Packard Enterprise’s dividend payout ratio (DPR) is presently 28.85%.

Several institutional investors have recently made changes to their positions in the company. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in Hewlett Packard Enterprise by 2.6% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 24,146 shares of the technology company’s stock worth $373,000 after acquiring an additional 621 shares in the last quarter. Private Ocean LLC increased its holdings in Hewlett Packard Enterprise by 34.9% during the 1st quarter. Private Ocean LLC now owns 2,584 shares of the technology company’s stock worth $40,000 after purchasing an additional 668 shares during the period. Stephens Inc. AR increased its holdings in Hewlett Packard Enterprise by 4.9% during the 4th quarter. Stephens Inc. AR now owns 16,877 shares of the technology company’s stock worth $223,000 after purchasing an additional 788 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Hewlett Packard Enterprise by 12.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 7,471 shares of the technology company’s stock worth $99,000 after purchasing an additional 808 shares during the period. Finally, Signaturefd LLC increased its holdings in Hewlett Packard Enterprise by 7.2% during the 1st quarter. Signaturefd LLC now owns 12,353 shares of the technology company’s stock worth $191,000 after purchasing an additional 834 shares during the period. 82.98% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on HPE shares. Zacks Investment Research raised Hewlett Packard Enterprise from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, February 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $15.00 target price (down previously from $21.00) on shares of Hewlett Packard Enterprise in a report on Wednesday, January 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 target price on shares of Hewlett Packard Enterprise in a report on Thursday, February 21st. ValuEngine raised Hewlett Packard Enterprise from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Finally, Daiwa Capital Markets initiated coverage on Hewlett Packard Enterprise in a report on Monday, April 1st. They issued a “hold” rating and a $16.00 price target for the company. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.92.

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Hewlett Packard Enterprise Company Profile

Hewlett Packard Enterprise Company operates as a technology company. The company operates through four segments: Hybrid IT, Intelligent Edge, Financial Services, and Corporate Investments. The Hybrid IT segment provides industry standard servers for multi-workload computing; mission-critical servers; converged storage solutions, including all-flash arrays and hybrid storage solutions; and traditional storage solutions comprising tape, storage networking, and disk products, such as HPE MSA and HPE XP.

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Insider Buying and Selling by Quarter for Hewlett Packard Enterprise (NYSE:HPE)

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